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Jan 15, 2013
01/13
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if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative psychological shock that will temporarily send share prices sharply lower, but provided that policymakers in washington could reassure markets that washington is going to do more to stabilize the budget. maybe that -- gerri: it makes into the pipe. they did it -- did not to say there are going to downgraded if we did not like the debt ceiling prices go away. they also said the current outlook is likely to be resolved even if another debt ceiling crisis is averted. they want to see spending cut. now, do you think that the markets would go to town if there was some big deal on spending? >> i think if substantial progress was made at kirby expenditures over time so that this threat of a data rate could be
if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative psychological shock that will temporarily send share prices sharply lower, but provided that policymakers in washington could reassure...
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Jan 19, 2013
01/13
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FBC
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sad world we live in, but people have to realize, these type of things have a negative impact on the economy. the senate that we can beat this debt the better it's going to be for everybody. gerri: last word. tell me, are drones enough to take care of this problem? >> the bottom line, but we have to learn is that we cannot afford billiard. terrorists love a vacuum, and wherever it develops kamal to leave, to pose a threat to the united states. next year it could be afghanistan. we have to be on guard. gerri: thank you for coming on. great job. you guys really explained it all. thank you. >> thanks. gerri: if you're fired up about this or any of the issues, a drop me an e-mail. >> coming up on "the willis report," unemployment is higher. could it be because he has gone awful year without meeting with his jobs council? we tackle this and more house republicans finally unveil their new debt ceiling deal. we examine the good combat command ugly with americans for tax reform president grover norquist later. one ohio teacher said she has a crippling fear of being children, but is still being force
sad world we live in, but people have to realize, these type of things have a negative impact on the economy. the senate that we can beat this debt the better it's going to be for everybody. gerri: last word. tell me, are drones enough to take care of this problem? >> the bottom line, but we have to learn is that we cannot afford billiard. terrorists love a vacuum, and wherever it develops kamal to leave, to pose a threat to the united states. next year it could be afghanistan. we have to...
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Jan 20, 2013
01/13
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KGO
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billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> we knew that we must find practical controls over blind economic forces and blindly selfish men. >> we have been warned by the power of modern weapons that peace may be the only climate possible for human life itself. >> fdr in 1937, ike in 1957. we're told that president obama studying both those inaugural addresses as he prepares for his own. let's talk about that on our roundtable and bring you in, george will. one of the reasons he might be reaching back into history is that if you look at recent second inaugurals, not all that memorable, and recent second terms, not great records. >> i would guess he would reach bac
billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> we knew that we must find...
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Jan 18, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. ♪ gerri: republicans go for a short-term increase in the debt ceiling, but how can we tackle our long-term problems? grover norquist year in 60 seconds. ♪ ♪ gerri: retreating or regrouping? house republicans putting to a vote raising the debt ceiling for three months, but are they backing off of their demands for spending cuts in exchange for raising the debt limit? with more on this, grover norquist, president for americans for tax reform. great
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a...
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Jan 15, 2013
01/13
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FBC
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raising taxes grows the economy or -- >> no, it does not grow the economy. we have to be serious how much the president contributed to overall debt picture. $6 trillion since he came to office. nearly $20,000 per united states citizen has been added since president obama came into office. so just silly to argue he hasn't contributed. melissa: blame game gets us nowhere because everybody contributed to it. god it is a mess and we have to fix it. when you hear people like nancy pelosi saying the fiscal cliff was not enough on the revenue side. you hear, you know, many politicians chiming in. howard dean, for example, saying in december that the truth is everybody needs to pay more taxes. we're not going to get out of this deficit problem unless we raise taxes across the board. the rich can't solve the problem. i guess that is where i'm going with this is, it seems like, especially from what you're saying susan, everyone will have to pay more taxes to get out of this. >> i actually don't agree with that point. i don't agree with howard dean either. we're not lo
raising taxes grows the economy or -- >> no, it does not grow the economy. we have to be serious how much the president contributed to overall debt picture. $6 trillion since he came to office. nearly $20,000 per united states citizen has been added since president obama came into office. so just silly to argue he hasn't contributed. melissa: blame game gets us nowhere because everybody contributed to it. god it is a mess and we have to fix it. when you hear people like nancy pelosi...
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Jan 15, 2013
01/13
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. >> reporter: if washington fails to act on the debt ceiling the national economy could -- [no audio] >> reporter: because of the potential risks to our state budget that is one reason they say they want to create that $1 billion reserve and where the budget stands, that will be better known in may when we will know if the surplus has grown. ken pritchett, ktvu channel 2 news. >>> 49er fans are looking forward to a huge game this weekend. if they win they will go to their 6th super bowl. saturday night the 9ers destroyed the packers and a lot of fans are confident they will do well against the falcons. the championship game is sunday in the georgia dome and fans are optimistic even though the last time the 49ers won a road plaintiff game was 24 years ago. >> it is exciting wherever they win. there, here, no matter what it is still great. >> 49ers gear is selling fast. we checked with sf sports in san francisco, they say they are completely sold out of colin kaepernick jerseys. ktvu channel 2 news will have coverage of the championship game on sunday at 9:30 a.m. with championship pla
. >> reporter: if washington fails to act on the debt ceiling the national economy could -- [no audio] >> reporter: because of the potential risks to our state budget that is one reason they say they want to create that $1 billion reserve and where the budget stands, that will be better known in may when we will know if the surplus has grown. ken pritchett, ktvu channel 2 news. >>> 49er fans are looking forward to a huge game this weekend. if they win they will go to their...
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Jan 14, 2013
01/13
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what would it mean for the market or the economy and would republicans again get the blame? >> republicans unfairly got the blame for last time. uncontrolled spending and inability to bring it back. that is what causes the credit downgrade. these squabbles over the debt ceiling and the fiscal cliff ultimately get resolved and they don't change the status quo much. if you look at history you realize this is not what is threatening the credit worthiness, it is spending. >> to exploit, who wants to do this, have to entitle spending because with 10,000 people turned 65 everyday, this is unsustainable and we have to modernize the system. gerri: words from your lips to god's ears. thank you for coming on. thank you so much. >> thank you. gerri: and we come back to gerri: of good news for housing? a handful of new surveys being released and obamacare adding middle-class americans bottom line but some say it could be even worse than we thought. we will hear from the governor on what has been called a mandate plus. there is a man right there. stay with us. [ male announcer ] at scott
what would it mean for the market or the economy and would republicans again get the blame? >> republicans unfairly got the blame for last time. uncontrolled spending and inability to bring it back. that is what causes the credit downgrade. these squabbles over the debt ceiling and the fiscal cliff ultimately get resolved and they don't change the status quo much. if you look at history you realize this is not what is threatening the credit worthiness, it is spending. >> to exploit,...
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Jan 15, 2013
01/13
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economy is on good footing. any messages for washington as we approach another debt ceiling increase potentially, dan akerson of gm said don't screw up the economy holding it hose -- hose hostage, do you share that? >> uncertainty has to be removed as quickly as possible. it is not a good environment for consumer confidence to be built, so we're looking for resolution on debt ceiling, resolution on spending plans so that consumers can focus on really going about their business in a normal way. >> wants to build cars, not make policy. there you go. it's a good one. i owned ford explorers for 20 straight years. this is a real competitor to that vehicle. dennis: jeff flock, good job. thanks, den. cheryl: time for the west coast minute, a double digit return for the public employees pension system. it had a 2% return back in 2012. the nation's largest pension has investments worth $252 billion, almost back to its peak level of 2007 when the fund held $260 billion in assets. the fund's performance was just below its
economy is on good footing. any messages for washington as we approach another debt ceiling increase potentially, dan akerson of gm said don't screw up the economy holding it hose -- hose hostage, do you share that? >> uncertainty has to be removed as quickly as possible. it is not a good environment for consumer confidence to be built, so we're looking for resolution on debt ceiling, resolution on spending plans so that consumers can focus on really going about their business in a normal...
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Jan 15, 2013
01/13
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. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: republicans called the president hypocritical for saying he will not negotiate over the debt limit while blasting republicans for refusing to negotiate. and they fired back that the debate over the debt ceiling was the perfect time to consider legislation to cut spending. at the same time, only a handful of republicans have actually said they'd let the united states default on its bills. >> the president claims this, but republicans have always raised the debt ceiling. we've never seen the debt limit fail to be raised. all they have said is we want to apply the same criteria that the president himself applied when he was a senator and say we don't want to give the president a blank check. we would like to fix the substantive problem which is the level and the growth in the debt. >> reporter: markets are almost trea
. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: republicans called the president hypocritical for saying he will not negotiate over the debt limit while blasting republicans for refusing to negotiate. and they fired back that the debate over the debt ceiling was the perfect...
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Jan 21, 2013
01/13
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WUSA
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and spending and the economy. what republican leaders were trying to convey to some of their more junior members, perhaps who like the idea of really holding the white house's feet to the fire on issues like this, if we want to be seen as a governing party not just an opposition party that is constantly threatening to take the government in to a shutdown or default we are going to have to show that we are reasonable. and the fact is that they are going to hold this vote now and they still get another bite of the apple three months from now to try to push the administration to cut spending if they want to raise the debt limit again. >> nancy, we had chance to talk to condoleezza rice yesterday, the former u.s. secretary of state. she told us that when you are an official up there watching the president's inaugural address in his first address, you're taken with the hope and the grandeur of it all. when you're up there for second address you're looking at your watch thinking, i got to get back to work, we've got a l
and spending and the economy. what republican leaders were trying to convey to some of their more junior members, perhaps who like the idea of really holding the white house's feet to the fire on issues like this, if we want to be seen as a governing party not just an opposition party that is constantly threatening to take the government in to a shutdown or default we are going to have to show that we are reasonable. and the fact is that they are going to hold this vote now and they still get...
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Jan 19, 2013
01/13
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is the world's largest economy, the u.s. dollar is a global reserve currency. housing continues to pick up, unemployment is going down, american corporations are the world's largest and they're sitting on lots of cash, which, you know, sort of quixotically it's precisely that strength that allows washington to continue to be so incredibly dysfunctional. yeah, i'm feeling pretty bad over whae's coming out of capitol hill in the next few months but it's not medication that leads me to believe america is stable. >> even washington may not be able to mess up what's going on. christine romans, we've been talking about the consequences of not having a budget, a serious plan to deal with debt and deficits. but a number of prominent democrats point out the debt problem isn't that much of a problem. money is basically free many america and republicans should stop obsessing about it. >> a new narrative and they're getting bolder with it. the debate is the way liberals and conservatives see the world. those on the left have no problem with the government taking a larger r
is the world's largest economy, the u.s. dollar is a global reserve currency. housing continues to pick up, unemployment is going down, american corporations are the world's largest and they're sitting on lots of cash, which, you know, sort of quixotically it's precisely that strength that allows washington to continue to be so incredibly dysfunctional. yeah, i'm feeling pretty bad over whae's coming out of capitol hill in the next few months but it's not medication that leads me to believe...
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Jan 16, 2013
01/13
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FBC
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the dividend will account for a larger share of the stock's total economy. liz: so the stock actually went up in price? >> i think we are headed back towards the 50s. it is an important trend and i think we are trending towards 50% there. liz: it's like we've been slammed in hammer. it's now a $4.36 price here. we like maggie, she's a smart leader, but you can't -- you talk about the dividends? >> it's important to look at the company. in total it has to have appreciation potential. liz: why canada? >> they surpass the u.s. on the economic freedom index. they are ahead of us now. liz: what are the metrics for the economic freedom? >> is a whole monetary fiscal policy. liz: is a great for businesses? >> it is. they ought to be the fiscal model of the g7. if you look at corporate taxes, they are all trending in the right direction from a public standpoint. the country has a lot of natural resources. liz: but you don't want to become like australia. >> in terms of being a natural resource country, they do have a lot of natural resources companies, but they have
the dividend will account for a larger share of the stock's total economy. liz: so the stock actually went up in price? >> i think we are headed back towards the 50s. it is an important trend and i think we are trending towards 50% there. liz: it's like we've been slammed in hammer. it's now a $4.36 price here. we like maggie, she's a smart leader, but you can't -- you talk about the dividends? >> it's important to look at the company. in total it has to have appreciation potential....
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Jan 15, 2013
01/13
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the economy according to ben bernanke - what the fed chair has to say about the state of the country's finances. and, how automakers are setting a new pace for competition. plus, traders who are sweet and sour on apple. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. i'm angela miles. it's tuesday, january 15th. in today's first look: as facebook makes its big reveal on its new product today, shares briefly climbed above $32 yesterday. bloomberg news reports dell is in talks to end its trading days and go private. federal regulators order jp morgan chase to improve its risk management after losing billions in trading last year. and american airlines bond holders meet today to weigh in on whether the airline should merge with u.s. airways. ira epstein of the linn group joins us now. always a pleasure to have you on the show. what is going on with the market? it is so resilient. where is all this money coming from ira? > > think about it: 2012, the end of the year, we didn't know where we were in taxes, peop
the economy according to ben bernanke - what the fed chair has to say about the state of the country's finances. and, how automakers are setting a new pace for competition. plus, traders who are sweet and sour on apple. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. i'm angela miles. it's tuesday, january 15th. in today's first look: as facebook makes its big reveal on its new product today, shares briefly climbed...
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Jan 15, 2013
01/13
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a lot of the conditions in the economy are slow. it spending is to the really that great. so i don't know if the estimates are that achievable. i also think that yeah, better risk/reward in other sectors in the market. we're trying to advise our clients how to outperform the s&p. i think there is better opportuniy. within tech there are some things we like where recommending suck stocks for example. i think that is one economically sensitive area that the stocks haven't participated that much in the rally. >> susie: let's talk about the areas that have been telling your clients, morgan stanley clients which direction to go. you have three big themes for your clients. buy stocks with from american companies with exposure to china, positive on china. buy dividend paying stocks and you like very large stocks, what you call megastocks. why are these the themes for you? >> well, look, for china i think we identified late last fall that the u.s. companies with china exposure had really lagged the broader market and had gotten quite cheap. and the china economy started to stabili
a lot of the conditions in the economy are slow. it spending is to the really that great. so i don't know if the estimates are that achievable. i also think that yeah, better risk/reward in other sectors in the market. we're trying to advise our clients how to outperform the s&p. i think there is better opportuniy. within tech there are some things we like where recommending suck stocks for example. i think that is one economically sensitive area that the stocks haven't participated that...
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Jan 16, 2013
01/13
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the second-largest airline is said to be struggling with competition, high fuel prices and the german economy. australian vitamin and supplement maker swisse vitamins is crossing the pacific pond. the privately-held company will set up its north american headquarters in chicago and start selling its most popular products in walgreens stores starting february 1st. rite aid and target stores will start selling the products in april. the company's ceo says the products it sells will be manufactured in utah and florida. swisse vitamins is positioning itself as a premium product and intends to price its products 5-10% above competitors such as pfizer and bayer. the nation's largest retailer is reaching out to men and women in the service. wal-mart is offering a job to every veteran who honorably left the military in the past year. the program will continue for 5 years and is expected to provide work for more than 100,000 veterans. additionally, the retailer is committing to buying an additional $50 billion of u.s.- made products in the next 10 years. the government of japan joins the u.s. governme
the second-largest airline is said to be struggling with competition, high fuel prices and the german economy. australian vitamin and supplement maker swisse vitamins is crossing the pacific pond. the privately-held company will set up its north american headquarters in chicago and start selling its most popular products in walgreens stores starting february 1st. rite aid and target stores will start selling the products in april. the company's ceo says the products it sells will be...
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Jan 14, 2013
01/13
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CNBC
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yet the economy is -- the real economy is trading somewhat off its highs. if you look at europe, for example, where the headlines have been negative. the news flow has been awful. performance has been awful as well. so the market in europe has more reflected the performance of the real economy than it has here in the u.s. the fed qe program, the safe haven of the u.s. has caused money to flow to this part of the world. i think that leaves the u.s. a little pricier and perhaps more of a risk. >> it takes courage to fight the fed, though, right? >> absolutely. but ultimately and jack said it, fundamentals do matter. i think the market will reflect those. >> i heard active management does better in down markets than the index. they do better in the up markets. >> no question about it. and if you looked at the '08 to first quarter of '09 period, many people left them, haven't come back. god forbid we have another experience like that. then you'll see the index funds have a hard time recapturing the momentum. >> you see a blend of active and passive? >> i think
yet the economy is -- the real economy is trading somewhat off its highs. if you look at europe, for example, where the headlines have been negative. the news flow has been awful. performance has been awful as well. so the market in europe has more reflected the performance of the real economy than it has here in the u.s. the fed qe program, the safe haven of the u.s. has caused money to flow to this part of the world. i think that leaves the u.s. a little pricier and perhaps more of a risk....
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Jan 15, 2013
01/13
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CNBC
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i bet that this is one of these moments where the world economies are going to be better. i say that because it is the same batehavior i've seen over d over and over again. they are days to buy, not sell. in order to get into this bull market, here is the bottom line, i think this market is simply taking a snooze after a big bull run. but wakes itself up perhaps with my clock and if history serves me right, they go higher not lower and it is turned out that their evaluations ended up being catalysts galore. bob in florida, bob >> it is fwrat to tais great to. south florida by way of teaneck, new jersey. i'm calling about krispy kreme donuts. i sold it and forgot about it and now it seems like they reinvented themselves. the stock is up 70% since mid november and still trading. even talk about take over. >> i believe there is a turn going on. it has been ages since i looked at it. the last time i looked at it i chipped my tooth. i will do more work on it and see where this one can stop. nobody does know. robert in massachusetts, robert. >> booyah jim, hail from massachusett
i bet that this is one of these moments where the world economies are going to be better. i say that because it is the same batehavior i've seen over d over and over again. they are days to buy, not sell. in order to get into this bull market, here is the bottom line, i think this market is simply taking a snooze after a big bull run. but wakes itself up perhaps with my clock and if history serves me right, they go higher not lower and it is turned out that their evaluations ended up being...
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Jan 18, 2013
01/13
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FBC
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so there are ways that we can do it, but to say that we're not -- we're going to jeopardize the economy of the united states and frankly even the world by not paying the bills that have already been incurred is absolutely -- [talking over to each other] david: you were willing to bring us to that brink in 02, 04, and 06. >> no i wasn't. david: you voted in favor of keeping the debt limit ceiling right where it was, that was the same kind of danger in going over into that default mode, no? >> it wasn't because that was a kind of protest vote knowing very full well that this was going to pass. are we seriously going to not let president bush pay for the debts that had been incurred? i absolutely would have voted in favor of raising the debt ceiling. david: final question about spending because i'm getting a wrap here. >> sure. david: we had in 2008 we had spending level of about 3 trillion dollars. in 2009 that ballooned up about 20% to about 3 1/2 trillion dollars. now, a lot of that was because of the stimulus program, which was part bush and part president obama. but then we remained a
so there are ways that we can do it, but to say that we're not -- we're going to jeopardize the economy of the united states and frankly even the world by not paying the bills that have already been incurred is absolutely -- [talking over to each other] david: you were willing to bring us to that brink in 02, 04, and 06. >> no i wasn't. david: you voted in favor of keeping the debt limit ceiling right where it was, that was the same kind of danger in going over into that default mode, no?...
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Jan 15, 2013
01/13
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to get the economy growing faster. >> would you be one? >> unlike the congress, the fed has done quite a lot and there isn't very much more the fed could do. i would certainly be with chairman bernanke. i was happy when they switched over, which is likely to have a bigger impact on the economy. the other thing i've been urging on the fed but they're not doing it is cut the interest rates by holding idle excess reserves in the hope that some of that will go into the economy. >> we have to leave it there, but thank you very much for your thoughts today. let's bring in don peebles of the peebles corporate. don, great to have you on the set today. >> good to be here. >> how does it play out? >> in the end it's a lot of drama about a profungtsry performance. the government needs to stand behind its credit. that's one of the benefits as a government, we get low rates because our credit is good. it's a shame we're spejd all this time. we spent much more than we take in. and we can't continue do that. we even done what we're going to do on the tax
to get the economy growing faster. >> would you be one? >> unlike the congress, the fed has done quite a lot and there isn't very much more the fed could do. i would certainly be with chairman bernanke. i was happy when they switched over, which is likely to have a bigger impact on the economy. the other thing i've been urging on the fed but they're not doing it is cut the interest rates by holding idle excess reserves in the hope that some of that will go into the economy. >>...
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Jan 15, 2013
01/13
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two indicators that say a lot about our economy. first off, a lot of people tapping into their 401(k)'s before retirement. billions of dollars being taken out to pay current bills. another one coming at the top of the hour, a number of working poor people growing. millions of families , but they're working at the same time. and that story new at 10 precisely. time is money, 30 seconds, here is what else we've got for you tuesday morning. president obama readying 19 on gun control. the judge will tell us about it. and lance armstrong finally admitting to doping, now he's come clean, is there any way his image can be rehabilitated. i say no way. and thanks to obamacare, the cost of your health insurance could go up as much as 50%. find out why you will be paying a whole lot more t all right, seven earlies, here we go on a tuesday morning. the circuit manufacturer, multi-fine line, less money coming in, the stock is down. retailer, goredman's never heard of them, but gordman's lowered its outlook. and radioshack ended its unprofitable
two indicators that say a lot about our economy. first off, a lot of people tapping into their 401(k)'s before retirement. billions of dollars being taken out to pay current bills. another one coming at the top of the hour, a number of working poor people growing. millions of families , but they're working at the same time. and that story new at 10 precisely. time is money, 30 seconds, here is what else we've got for you tuesday morning. president obama readying 19 on gun control. the judge...
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Jan 21, 2013
01/13
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FBC
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no really good news and our economy. there is a huge opportunity. the saudi arabia of energy by 2020 if we are allowed to get to it. lori: thank you. melissa: all right. sports. superable 47 is now the battle of the bros. twenty-eight to 13 capturing the afc crown and a chance to play his brother. san francisco forty-niners and the big game. 28-24 yesterday. played one week from sunday in new orleans. kick up its 6:30 p.m. eastern time. i don't expect immediate to blow up this battle. melissa: was there mom on morning television? who will she reform. the camera on her during the game. dad. both football players before the begin coaches. we have been down this road before. i'm getting excited about this. the buccaneers fan by marriage can be very tough. all right. coming up tonight, the jobs council has not had an official meeting in one year. set to retire at the end of the month. our power panel will discuss. tonight at 5:00 p.m. eastern right here on fox business. don't miss it. melissa: there are several ahead in our programming. live programming
no really good news and our economy. there is a huge opportunity. the saudi arabia of energy by 2020 if we are allowed to get to it. lori: thank you. melissa: all right. sports. superable 47 is now the battle of the bros. twenty-eight to 13 capturing the afc crown and a chance to play his brother. san francisco forty-niners and the big game. 28-24 yesterday. played one week from sunday in new orleans. kick up its 6:30 p.m. eastern time. i don't expect immediate to blow up this battle. melissa:...
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Jan 21, 2013
01/13
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lou: the obama economy in tonight's "chalk talk" we take a look at the obama economic failure. anti-gun advocate started as seven democrat, and day distort his campaign ad. he supports the second amendment steven haze of the weekly standard, a former bush special assistant to next. ♪ [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-miion artifac
lou: the obama economy in tonight's "chalk talk" we take a look at the obama economic failure. anti-gun advocate started as seven democrat, and day distort his campaign ad. he supports the second amendment steven haze of the weekly standard, a former bush special assistant to next. ♪ [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to...
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Jan 16, 2013
01/13
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FBC
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the overall economy is now in focus. you and many other investors were bearish for most of 2012, now you're looking at consumer names like staples. where did staples come from in your mind? >> the data really supports, in my opinion, getting bullish now. i was bullish for most of 2012. i have been bullish for most of the time, but definitely second half of 2012 until the economic data, whether it was housing, whether it was consumption and even the labor market. i am not saying things are going gangbusters, but it is okay and makes us think what would happen if we didn't have to worry about all the drama in washington, d.c.? after marching something will be resolved one way or another, and we will be out of drama for a little while. i want to see how the economy picks up then. you asked about staples. cheryl: down 17%. and you are buying it? >> yes. it has been beaten down for number of valid reasons. a labor market that was punkish for a while. the lows in europe. this is 3.7% dividend yield, buying back shares, we like
the overall economy is now in focus. you and many other investors were bearish for most of 2012, now you're looking at consumer names like staples. where did staples come from in your mind? >> the data really supports, in my opinion, getting bullish now. i was bullish for most of 2012. i have been bullish for most of the time, but definitely second half of 2012 until the economic data, whether it was housing, whether it was consumption and even the labor market. i am not saying things are...
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Jan 13, 2013
01/13
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. >> our economy is better positioned for tomorrow than most of those other countries hit by the financial crisis. the tough decisions tim made and carried out deserve a lot of credit for that. i understand that tim is ready for a break. obviously, we are sad to see him go, but i cannot think of a better person to continue tim 's work at treasury than jack lew. >> unlike most treasury secretaries, jack lew earn his stripes and a washington and not wall street. he worked for tip o'neill in the 1970's and 1980's, and was clinton's: the director in the 1990's. evan, what does this tell us about the physical fights ahead? >> the good news is that he knows washington bit bad news is that he will do exactly what obama tells him, and from all indications, obama will not do much about fiscal restraint. >> nina, your sense of jack lew and what lies ahead? >> i think i agree with evan, but lew really does know the budget numbers. he did this in the clinton administration when we had a surplus, as the white house points out over and over again. jeff sessions in the senate is saying no way, and one se
. >> our economy is better positioned for tomorrow than most of those other countries hit by the financial crisis. the tough decisions tim made and carried out deserve a lot of credit for that. i understand that tim is ready for a break. obviously, we are sad to see him go, but i cannot think of a better person to continue tim 's work at treasury than jack lew. >> unlike most treasury secretaries, jack lew earn his stripes and a washington and not wall street. he worked for tip...
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Jan 15, 2013
01/13
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the tailwind for housing recovery will provide for the banking sector for consumer confidence for our economy in general. we have to see financials do well kicking off tomorrow. david: we're going to talk the market just tomorrow about this, but is there any kind of move we could see a selloff springtime when a lot of people are saving their cash? >> that is so well advertised. everybody whereby short-term correction and to that point maybe people talking about the next of the 1425, the next resistance, going up to far too fast, but so well advertised. everybody knows what they are. still seems to be higher. everybody is thinking we will see a correction and that is probably why we will not see one. david: thank you very much. we will see you in a couple of minutes when the market closes. hang on for that. liz: let's bring in our panel for the market. let me begin with you. you are pretty bearish, but to say you're bearish is unfair to the viewers because the market is such a huge living, breathing creature. where are you most concerned and what do you like that doesn't scare you? >> we like
the tailwind for housing recovery will provide for the banking sector for consumer confidence for our economy in general. we have to see financials do well kicking off tomorrow. david: we're going to talk the market just tomorrow about this, but is there any kind of move we could see a selloff springtime when a lot of people are saving their cash? >> that is so well advertised. everybody whereby short-term correction and to that point maybe people talking about the next of the 1425, the...
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Jan 13, 2013
01/13
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CSPAN2
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in her time and important new book, "regulating to disaster: how green jobs are damaging america's economy." in it, she subjects the assumption and policies which led to such a faded federal investments as solyndra solar panel manufacture as was that a 123 collector car battery manufacture to a waiting analysis which we of the institute have come to expect from this oxford trained economist who served as chief of staff for the council of economic advisers. sorry. during the administration of president george w. bush. in her book, she helps us understand why the failures of such direct investments in private firms are both significant problems in themselves and cautionary tales for those who would have the government rather than private investors allocate capital. the publication that regulates the disaster caps diane mr. shear as an institute senior fellow, i'll year in which has been prolific and influential. cited by reuters reporters, talk show host, across the country. i think in particular of her many, many contributions to our series called issues 2012, ranging from her analysis demo
in her time and important new book, "regulating to disaster: how green jobs are damaging america's economy." in it, she subjects the assumption and policies which led to such a faded federal investments as solyndra solar panel manufacture as was that a 123 collector car battery manufacture to a waiting analysis which we of the institute have come to expect from this oxford trained economist who served as chief of staff for the council of economic advisers. sorry. during the...
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Jan 17, 2013
01/13
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MSNBC
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road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> we have fought our way back. and we know in our hearts, for the united states of america, the best is yet to come. >> the president told america the best is yet to come. and judging by his second-term agenda, his se's setting his si high. sweeping change to gun control. immigration reform. taking on climate change. cutting the deficit. and oh, yeah, lowering unemployment. make no mistake about it. it's ambitious. but the president is entering his second term with a job approval among the highest since the early months of his presidency. his favorability rating
road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to...
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Jan 16, 2013
01/13
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CNBC
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grow the economy by bringing in some certainty to it. if he wants to fight hard for tax rate increases, he ought to be fighting just as hard for spending cuts. >> you know, governor, he made an interesting point during his news conference this week where he said if -- if this debate is just about reducing the fiscal deficit, he's on board and let's get it done, but he suspects that there are a lot of conservative republicans out there for whom this debate is about the bigger picture of the role the federal government plays in americans' lives, and he said that's not a debate he wants to have. he doesn't want to be cutting entitlement programs just because conservatives want to reduce the role of government in americans' lives. is it possible we're having two simultaneous debates at once here? >> well, he's got to reconcile the differences. almost like saying i know i'm overweight but don't ask me to go on a diet. i mean, there's got to be efficiencies found in the federal government. the fact that we're cutting spending doesn't mean that
grow the economy by bringing in some certainty to it. if he wants to fight hard for tax rate increases, he ought to be fighting just as hard for spending cuts. >> you know, governor, he made an interesting point during his news conference this week where he said if -- if this debate is just about reducing the fiscal deficit, he's on board and let's get it done, but he suspects that there are a lot of conservative republicans out there for whom this debate is about the bigger picture of...
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Jan 17, 2013
01/13
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economy barely grew 1% in the fourth quarter. we have a situation where it could be sluggish in the first quarter. we're up five points on the s&p since december since we had qe3 and the fed indicating they would target unemployment. to us it feels like we're in the stratosphere. >> the market down 20%. isn't that recession you're talking about? >> you got to think there's a danger. doesn't have to be a recession. you have to think there's a danger. if you look at the dynamics, you look at the consumer confidence numbers which are beginning to roll a little bit, there is a danger that could take place and a lot will depend on the resolution. look at the vix and these low levels on this downward sloping trend line the pattern is very similar to april of 2011. i'm sure you all remember that the stock market held up a little bit longer and turned in may and then between may and august it dropped 22%. what was the biggest factor? the debt ceiling negotiations. >> tom the market really rolled over in the spring of 2011 because trichet
economy barely grew 1% in the fourth quarter. we have a situation where it could be sluggish in the first quarter. we're up five points on the s&p since december since we had qe3 and the fed indicating they would target unemployment. to us it feels like we're in the stratosphere. >> the market down 20%. isn't that recession you're talking about? >> you got to think there's a danger. doesn't have to be a recession. you have to think there's a danger. if you look at the dynamics,...
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Jan 15, 2013
01/13
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economy. >>> and jump t to the top of the ftse 100 after third quarter revenue beat the forecast, burberry had earnings higher than expected. >>> all right. sorted out my mike issues. "worldwide exchange" is slightly different today because we're analyzing the first german gdp numbers. >> and i come to the u.s. where it's all annualized and we stick to the european data and it's quarter on quarter. given the context, we're still working through what all that means. >> exports in november, down 94.1 billion is where we essentially went. 98.4 billion was the october numbers. so exports in november driving down. and that gdp number is worth pulling out. exports for the year, up 4.1%. as far as production is concerned, it was up 2% in november. but the forecast were for it to rise up 1%. it was a very weak october, as well. it was this production and that production number. when that came out, it essentially made people put a pretty fourth quarter in the whole, kelly. what we're trying to do is de
economy. >>> and jump t to the top of the ftse 100 after third quarter revenue beat the forecast, burberry had earnings higher than expected. >>> all right. sorted out my mike issues. "worldwide exchange" is slightly different today because we're analyzing the first german gdp numbers. >> and i come to the u.s. where it's all annualized and we stick to the european data and it's quarter on quarter. given the context, we're still working through what all that...
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Jan 15, 2013
01/13
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melissa: is good for the economy, good for jobs, what is your main message? >> fracking has never polluted water sources. at least the head of the epa, she said that twice to congress, not a single piece of scientific evidence to show the fracking -- melissa: because there is no evidence, people have not been out there looking at it, have not been focused long enough. just trying to be the devil's advocate. >> fracking has been going on in america since 1947. there is a big test pool. we would have known about it by now. every step to fracking it is scientific reports. this is one place where the science is settled. fracking has been going on since 1947. melissa: do you think you'll be able to reach enough people out there o where does the name of matt damon reach more people? >> it has zerasked nominations, a very interesting phenomenon. we will be on tv and that is great, every american, most americans will have a chance to see it. on access to january 22, 9:00 p.m. eastern. melissa: you have to get your plug-in. thank you for coming on. time for today's fu
melissa: is good for the economy, good for jobs, what is your main message? >> fracking has never polluted water sources. at least the head of the epa, she said that twice to congress, not a single piece of scientific evidence to show the fracking -- melissa: because there is no evidence, people have not been out there looking at it, have not been focused long enough. just trying to be the devil's advocate. >> fracking has been going on in america since 1947. there is a big test...
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Jan 19, 2013
01/13
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road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. >>> the story of mani te'o has captivated a lot of people, including birth irking donald trump. trump praised the site dead spin for its story about the hoax on twitter. congratulations to tom scocca and timothy burke of deadspin for exposing the manti te'o fiasco. dead spin immediately responded to trump's tweet, go blank yourself. that response has seemed to have hurt trump's feelings a little bit. he spent this friday with a series of tweets attacking the website. dead spin guys are total losers. they had their story stolen right from under their bad complexions and other media capitalized. dummies at dead spin had their big payday taken from them by others in the media. dead spin will never make it. they don't understand graciousness or money and, finally dead spin's disgusting response will teach me and others, and others, not
road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. >>> the story of mani te'o has captivated a lot of people, including birth irking donald trump. trump praised the site dead spin for its story about the hoax on twitter. congratulations to tom scocca and timothy burke of deadspin for exposing the...
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Jan 21, 2013
01/13
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economy which means a lot to u.s. companies, but at the same time, the peso, if there is more pressure on that currency, what does that mean for us, do you think? >> so the peso has been pretty interesting because their central bank last week did a little bit of a 180 because they were expecting that they were going to be raising interest rates sometime here in 2013. and they kind of just pulled the rug out underneath it saying, you know, there's the potential that we might actually start to, you know, maybe reduce interest rates. [talking over each other] >> it was definitely something that caught participants by surprise, testing some previous 2012 lows there in terms of dollar mexico. it will be interesting to see if that trend continues. but mexico i think is a currency that we still want to be going into going forward. cheryl: one of the things we look on a daily basis during the market hours is what the euro is doing versus the dollar. always surprised me that the euro never went below like a $1.22 or so against
economy which means a lot to u.s. companies, but at the same time, the peso, if there is more pressure on that currency, what does that mean for us, do you think? >> so the peso has been pretty interesting because their central bank last week did a little bit of a 180 because they were expecting that they were going to be raising interest rates sometime here in 2013. and they kind of just pulled the rug out underneath it saying, you know, there's the potential that we might actually start...
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Jan 15, 2013
01/13
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the companies that moved so aggressively overseas stopped being dragged down by our sluggish economy. the move is in its infancy. they were left for dead in 2012 and are roaring back to life. i think they will gain steam as the wrangling in washington goes on for the rest of the year and beyond. fred in ohio, fred? >> caller: yes, jim. boo-yah. this is fred from ohio. it's a pleasure to talk to you. >> we loved ohio when we went out there last year to see massillon play some other ohio team. we were in that town. >> caller: i've been watching you from day one. >> thank you. >> caller: i want to know what do you expect from pepsi on the first quarter earnings and china and the association with burger king and marketing. what do you think of the first quarter earnings? >> i think the ceo is going to deliver a really, really good quarter. i think that stock -- its emphasis on emerging markets, it's going to do a great job. i would own pepsico going into the quarter. dino in california, dino? >> caller: jimmy. >> yo-yo. >> caller: happy new year. >> happy new year. >> caller: by the way,
the companies that moved so aggressively overseas stopped being dragged down by our sluggish economy. the move is in its infancy. they were left for dead in 2012 and are roaring back to life. i think they will gain steam as the wrangling in washington goes on for the rest of the year and beyond. fred in ohio, fred? >> caller: yes, jim. boo-yah. this is fred from ohio. it's a pleasure to talk to you. >> we loved ohio when we went out there last year to see massillon play some other...
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Jan 14, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. it's the musical melissa: can you ever have too many snakes? we told you about the first ever python challenge in the everglades. offering prizes to whoever snags the most snakes. as well as two bags the biggest. so for hundreds of people have shown up to get in on the action including fox news down there with a machete. look at that. you look very scary. and imposing. >> this is the recommended tool to take out. guns and machetes. after three d
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello?...
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Jan 19, 2013
01/13
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MSNBC
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road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. lease for $169 per month. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year and older whose flu symptoms started within the last two days. before taking tamiflu tell your doctor if you're pregnant, nursing. have serious health conditions, or take other medicines. if you develop an allergic reaction, a severe rash, or signs of unusual behavior, stop taking tamiflu and call your doctor immediately. children and adolescents in particular may be at an increased risk of seiz
road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. lease for $169 per month. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies....
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Jan 15, 2013
01/13
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you know, the economy, you know, two steps forward, one step back, and corporate america can't carry the water. it will be difficult for the market, and priced pretty much to perfection at the current level with popular averages, not leaving room for disappointment. liz: hate one step forward, two back -- >> no, the other way. liz: either way, not moving fast. is that at a decent clip? >> actually, that's something we talked about last week on the show, and what we're looking at, again, south africa, right now, the mining situation is getting worse and worse, and -- liz: labor issues? >> the strikes, strikes, labor issues, and a threat that some of the major companies are shutting down the mines until they resolve this. we'll have a shortage in these areas, and, also, seeing platinum taking a bit of a piggy back ride up. it's at the 1680s mirroring where gold is now. silver is joining along for the ride. we're seeing a lot happening with the precious metals. liz: platinum is higher than gold for the first time in ten months. do you care? is that significant? it's 1682 against 1680, t
you know, the economy, you know, two steps forward, one step back, and corporate america can't carry the water. it will be difficult for the market, and priced pretty much to perfection at the current level with popular averages, not leaving room for disappointment. liz: hate one step forward, two back -- >> no, the other way. liz: either way, not moving fast. is that at a decent clip? >> actually, that's something we talked about last week on the show, and what we're looking at,...
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Jan 15, 2013
01/13
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economy as hostages. >> they will not collect our ransom in exchange for crashing the american economy. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. >> now, house speaker john boehner responded quickly saying house republicans will do the right thing. they will be responsible, they will meet america's obligations and make sure the government does not shut down. he tried to take that specter off the table. but this is a very tough fight that's getting more and more problematic, larry, because the president said he's going to break the habit of crisis-driven fiscal negotiations. if he's going to succeed in that, somebody is going to have to break and it may have to be soon because treasury secretary geithner said this afternoon we could hit the debt ceiling and exhaust all the extraordinary measures he's been taking as soon as one month from now. >> you know, john, 2010, 2011, the 2012 he negotiated. he voted aga
economy as hostages. >> they will not collect our ransom in exchange for crashing the american economy. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. >> now, house speaker john boehner responded quickly saying house republicans will do the right thing. they will be responsible, they will meet america's...
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Jan 21, 2013
01/13
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CNNW
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and that's where they have to work together to turn the economy around. because that's of course what is going to be -- >> even if he decided not to run, he would keep that a secret as long as he could. because that's his leverage, isn't it, david gergen? we knew in the second term dick cheney was not going to run in the bush years and you saw he lost some foreign policy issuei. if the first year, he was dominant. and he was not as big a force in the republican party because people knew he was not going to be on the electoral battlefield. >> i think that's right, john. from his point of view, what he also -- he has to worry not only about whether hillary clinton's going to get in, not only about his own age and health, he has to worry about the overall success of this partnership. he has a very strong self-interest in seeing barack obama succeed. as you well know, after eight years of one party being in office, it's not easy to hold on to that office. and one of the things that helped to elect george h.w. bush at the end of reagan was reagan went out on a
and that's where they have to work together to turn the economy around. because that's of course what is going to be -- >> even if he decided not to run, he would keep that a secret as long as he could. because that's his leverage, isn't it, david gergen? we knew in the second term dick cheney was not going to run in the bush years and you saw he lost some foreign policy issuei. if the first year, he was dominant. and he was not as big a force in the republican party because people knew...